WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  


                                                                    Exhibit 27.1
<ARTICLE>  5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL EXTRACTED FROM THE FINANCIAL STATEMENTS
OF CAPITAL  TRUST FOR THE SIX MONTHS ENDED JUNE 30, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

<MULTIPLIER>   1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 JAN-01-1998
<PERIOD-END>                                   JUN-30-1998
<CASH>                                               9,804
<SECURITIES>                                        67,688
<RECEIVABLES>                                      547,232
<ALLOWANCES>                                         1,702
<INVENTORY>                                              0
<CURRENT-ASSETS>                                    13,738
<PP&E>                                                 691
<DEPRECIATION>                                         190
<TOTAL-ASSETS>                                     637,261
<CURRENT-LIABILITIES>                                8,758
<BONDS>                                            479,448
<PREFERRED-MANDATORY>                               12,268
<PREFERRED>                                              0
<COMMON>                                            18,229
<OTHER-SE>                                         118,558
<TOTAL-LIABILITY-AND-EQUITY>                       637,261
<SALES>                                                  0
<TOTAL-REVENUES>                                    31,373
<CGS>                                                    0
<TOTAL-COSTS>                                       17,177
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                     1,240
<INTEREST-EXPENSE>                                       0
<INCOME-PRETAX>                                     12,956
<INCOME-TAX>                                         5,259
<INCOME-CONTINUING>                                  7,697
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                         7,697
<EPS-PRIMARY>                                         0.34
<EPS-DILUTED>                                         0.25